This contract will bring our total order book to over RM6.2bil, an all-time high for the group,
KUALA LUMPUR: George Kent (Malaysia) Bhd delivered a strong set of financial results for its first quarter ended Arpil 30, 2017, with earnings up 23.3% to RM18.49mil while its order book has grown to RM6.1bil.
It reported on Thursday its earnings rose from RM15mil a year ago. Earnings per share were 4.9 sen compared with four sen a year ago.
Its revenue increased by 5.2% to RM129.42mil from RM122.96mil a year ago.
“For the three months ended April 30, 2017, both the group’s engineering and metering divisions posted higher revenue, with growth particularly spurred by higher demand for its products from both local and export markets,” it said.
George Kent also said in the first quarter, it secured a major contract for the supply and delivery of water meters.
“Together with contracts secured by the engineering division in the last financial year, the order book has grown to RM6.1bil,” it said.
Chairman Tan Sri Tan Kay Hock said the strong results in Q1 set the foundation for the company to achieve another record year.
“We will continue to grow our already strong order book and deliver the projects in hand towards meeting our customers’ expectations and continue to improve shareholders’ value.
“The board is optimistic of FY2018 as our strong order book provides sustainable earnings visibility going forward,” he said.
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